According to the Daily Express, City will bid for the Uruguayan striker in January with Roberto Mancini particularly keen to move for the Premier League's joint top scorer.
The piece, penned by Paul Joyce who is believed to have impeccable contacts within City, says that: "Mancini clearly does not trust Edin Dzeko to start games and doubts persist over how long the peace with Carlos Tevez will last."
However, Joyce does also go on to write that there would be "sizable obstacles" in pushing through what would no doubt be one of the more sensational transfers of recent years.
"First, there is the fact that Mancini’s own position at City has been weakened by the club’s impending exit from the Champions League which could be confirmed if they fail to overcome Real Madrid next Wednesday," reports Joyce.
He adds: "City’s new hierarchy, comprising of director of football Txiki Begiristain, and chief executive Ferran Soriano, could be seen as a positive for Mancini having replaced his nemesis Brian Marwood. But, equally, they have no loyalty towards Mancini, having arrived at the club via Barcelona, and will be mindful of just how Pep Guardiola’s sabbatical is progressing. There is also the need to offload players, in accordance with Financial Fair Play, before lavishing mind-boggling fees elsewhere."
The Daily Mirror, also seems to have caught wind of the Suarez rumour, and they speculate that City will offer Liverpool £40m as an "opening gambit."
They suggest that City will part finance any deal by getting rid of Mario Balotelli, and that they could be willing to go as high as £50m for Suarez, before putting a bumper wage deal on the table to try and tempt the striker.
"Liverpool’s position in any negotiations will be strengthened by the fact that Suarez only signed a new four-year contract in August, taking his salary to £120,000 but City could comfortably extend that deal," says the paper.
"Yet City can not only offer him a huge pay increase, they can also provide an instant battle for honours as they prepare to slug it out with Manchester United and Chelsea in the title race."
It is worth noting that Suarez has never expressed any desire to leave Anfield whatsoever, but then again footballers are not exactly famed for their loyalty.
With The Times and The Guardian also reporting that the City's interest in Suarez is firm – we can expect this story to return to Paper Round in the future.
To other rumours and Klaas-Jan Huntelaar is deciding whether to join a Premier League club. Schalke’s £7million-rated Dutch striker, 29, is out of contract at the end of the season and is wanted by Arsenal, Chelsea and Liverpool. (The Sun)
Everton midfielder Marouane Fellaini has warned Chelsea: I’m in no hurry to join you. The Champions League winners are planning a £30million January move for the in-form Everton midfielder, who has scored six goals this season.
Frank Lampard has been told he has no future at Chelsea. Lampard is out of contract at Stamford Bridge at the end of the season and the club have made it clear they do not intend to offer him a new deal. The England star, 34, is set to snub a mega-bucks offer from China, with LA Galaxy his most likely destination. (Daily Star)
Tottenham keeper Hugo Lloris will have showdown talks with manager Andre Villas-Boas once he returns to London after international duty. Lloris, who is first choice for France but No.2 at Spurs following his summer move from Lyon, had discussions with Les Bleus boss Didier Deschamps during the international break and is looking for assurances about his White Hart Lane future. (Daily Mirror)
Liverpool boss Brendan Rodgers is ready to bring Thomas Ince back to the Kop – just over a year after the 20-year-old was released to Blackpool on a free. Rodgers is keen to do a deal for the young England star – son of former Anfield midfielder Paul – and is lining up a £5million offer. (Daily Mirror)
Finally, Norwich manager Chris Hughton has put a new striker at the top of his January shopping list. Arsenal misfit Marouane Chamakh and West Ham’s Carlton Cole are early targets for Hughton. (Daily Mail)